Altin Yunus Çesme Turistik Tesisler Stock Forecast

Altin Yunus Çesme Turistik Tesisler stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)

AYCES.IS Signals & Forecast

The Altin Yunus Çesme Turistik Tesisler stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 673.79. On a fall, the stock will find some support from the long-term average at approximately TRY 664.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -6.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Altin Yunus Çesme Turistik Tesisler stock

Altin Yunus Çesme Turistik Tesisler finds support from accumulated volume at TRY 660.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 40.50 between high and low, or 6.04%. For the last week, the stock has had daily average volatility of 8.15%.

Our recommended stop-loss: TRY 633.23 (-5.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (AYCES.IS) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Altin Yunus Çesme Turistik Tesisler A.S. to open at TRY 684.33, and during the day (based on 14 day Average True Range), to move between TRY 621.87 and TRY 723.13, which gives a possible trading interval of +/-TRY 50.63 (+/-7.53%) up or down from last closing price. If Altin Yunus Çesme Turistik Tesisler A.S. takes out the full calculated possible swing range there will be an estimated 15.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at TRY 660.50 (1.78%) than the resistance at TRY 726.50 (8.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Altin Yunus Çesme Turistik Tesisler A.S. stock A Buy?

Altin Yunus Çesme Turistik Tesisler holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.169 Hold/Accumulate Upgraded

Predicted Opening Price for Altin Yunus Çesme Turistik Tesisler A.S. of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.